Real Consumer Spending Picks Up in September

Personal income increased 0.4 percent in September after increasing 0.1 percent in August. Wages and salaries, the largest component of personal income, increased 0.3 percent in September after increasing 0.1 percent in August. Government social benefits to persons turned up in September.

PCE (personal consumption expenditures) prices increased 0.4 percent in September, the same increase as in August. Excluding food and energy, the PCE price index increased 0.1 percent in September, the same increase as in August.

Personal saving ratePersonal saving as a percent of DPI was 3.3 percent in September, compared with 3.7 percent in August.

To learn more about personal income and outlays, read the full report.